🗞️ RBI Approves Record ₹2.86 Lakh Crore Dividend
The RBI board approved a record ₹2.86 lakh crore dividend payout to the government for FY26.
The transfer could significantly strengthen the Centre’s fiscal position and spending flexibility.
💬 Expert Take — “Large RBI dividends often improve government liquidity and reduce borrowing pressure in the near term.”
🗞️ RBI Not Keen on Rate Hikes to Defend Rupee
According to Reuters, the RBI is prioritising inflation management over aggressive rate hikes to defend the rupee.
Markets are closely tracking the central bank’s policy stance amid currency volatility.
🗞️ India’s Electrical Equipment Industry Could Hit $235B
India’s electrical equipment industry could grow to $235 billion by 2035, according to McKinsey.
The sector is expected to benefit from infrastructure, energy, and manufacturing expansion.
🗞️ Uber & JSW Partner for EV Push
Uber and JSW Group have partnered to deploy EVs across India’s ride-hailing market.
The collaboration supports India’s broader electric mobility transition.
🗞️ LIC Profit Rises 23%
LIC reported a 23% rise in profit to ₹23,420 crore.
Investors are also watching the insurer’s dividend and bonus issue timeline.
🗞️ Oil Could Spike Above $200: Report
A report cited by Times of India warned that oil prices could cross $200 per barrel in a worst-case Hormuz disruption scenario.
The possibility continues to keep global markets on edge.
📊 Market Update
📈 Sensex: 75,415.35 ▲ 231.99 pts (+0.31%)
📈 Nifty 50: 23,719.30 ▲ 64.60 pts (+0.27%)
🪙 Gold (per gram): 24K ₹15,949 ▼ ₹44 | 22K ₹14,620 ▼ ₹40
🥈 Silver (per kg): ₹2,85,000